MARA Holdings (MARA) stock is soaring 5.01% in pre-market trading on Monday, outpacing earlier predictions of a 4% gain. This surge comes as Bitcoin, the leading cryptocurrency, climbed above $86,000 in the past 24 hours, igniting a rally across crypto-related stocks.
The broader crypto market is experiencing significant gains, with several crypto companies seeing their stocks rise. Riot Platforms (RIOT) and Strategy (MSTR) are both up over 4%, while Coinbase Global, Inc. (COIN) has seen a 3% increase. This upward trend in crypto stocks is directly linked to Bitcoin's price movement, which has risen by approximately 2.4% in recent trading.
Adding to the positive sentiment in the crypto sector, reports have emerged that Coinbase is in advanced talks to acquire Deribit, the world's largest crypto derivatives exchange for Bitcoin and Ether options. This potential deal, which could value Deribit at around $4 billion to $5 billion, signals growing confidence in the crypto market's future and may be contributing to the overall bullish trend affecting stocks like MARA Holdings.
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